Envestnet - ENV Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last twelve months. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ENV shares.
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7 brokerages have issued twelve-month target prices for Envestnet's shares. Their ENV share price forecasts range from $54.00 to $90.00. On average, they expect the company's stock price to reach $72.33 in the next year. This suggests a possible upside of 55.0% from the stock's current price.
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Envestnet's stock was trading at $79.34 at the beginning of 2022. Since then, ENV stock has decreased by 41.2% and is now trading at $46.66.
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Envestnet saw a decline in short interest in August. As of August 15th, there was short interest totaling 2,660,000 shares, a decline of 7.3% from the July 31st total of 2,870,000 shares. Based on an average daily trading volume, of 478,600 shares, the days-to-cover ratio is currently 5.6 days. Approximately 5.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our ENV earnings forecast.

Envestnet, Inc. (NYSE:ENV) announced its quarterly earnings data on Thursday, August, 4th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The business services provider had revenue of $318.90 million for the quarter, compared to analyst estimates of $324.02 million. Envestnet had a positive trailing twelve-month return on equity of 7.52% and a negative net margin of 2.42%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share.

Envestnet updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of $1.84-$1.89 for the period, compared to the consensus earnings per share estimate of $1.99. The company issued revenue guidance of $1.25 billion-$1.26 billion, compared to the consensus revenue estimate of $1.29 billion.

44 employees have rated Envestnet Chief Executive Officer Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among the company's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Echo Street Capital Management LLC (2.59%), Brown Advisory Inc. (2.40%), Brown Advisory Inc. (2.39%), Stephens Investment Management Group LLC (2.17%), Clearbridge Investments LLC (2.11%) and Van Berkom & Associates Inc. (2.05%). Insiders that own company stock include Anil Arora, Barry D Cooper, Brandon Thomas, Joshua Mayer, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien, Stuart Depina and William Crager.
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Shares of ENV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ENV stock can currently be purchased for approximately $46.66.

Envestnet (NYSE:ENV) has a market capitalization of $2.58 billion and generates $1.19 billion in revenue each year. The business services provider earns $13.30 million in net income (profit) each year or ($0.55) on an earnings per share basis.

The company employs 4,375 workers across the globe.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The official website for the company is www.envestnet.com. The business services provider can be reached via phone at (312) 827-2800, via email at investor.relations@envestnet.com, or via fax at 312-827-2801.